Provenance receives BLM approval to drill its Eldorado Gold property
The Company is now awaiting final approval of the
Historic work on the property includes 242 drill holes for 22,000 meters of drilling. Billiton was the first company to commission a professional resource study on the
Note that the mineralization system is strong and is capable of very long intersections of low grade potential economic materials and long intersections of much higher grade materials. The grades of two holes are considered historical in nature, should not be relied upon and are provided solely for the historical context of the development of the property.
Provenance plans to perform confirmation drilling to begin establishing a potential qualified mineral inventory, and metallurgical studies to confirm historical reports of excellent gold recoveries in oxidized and unoxidized rock.
Provenance expects a very productive second half and will update shareholders once the DOGAMI permit is finalized.
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